It is not our job to advise sellers of property – that is the work of the estate agents. But we have been banging on all year to whoever would listen that, against the odds, 2009 would be a good year to sell a property.
I am afraid that too few have listened. There was been a wide-spread belief that the market had collapsed and vendors would only be offered fire-sale prices. That was true over the winter of 2008-2009, but not for the rest of this year. There has been reasonable trade – it is reckoned that about 60-70% of the average number of house sales will go through over 2009 – not bad when you consider that the market was operating at about 10% of usual volumes in the first quarter.
But way too many vendors and buyers have sat on their hands and done nothing – and both are missing opportunities. The market is so short of properties in many parts that prices are actually rising; this is absurd and a bubble that will soften. But it will only deflate to the post-Peak levels that are clearly reasonable and measured.
You can’t buy, if you haven’t sold – and there are great deals out here. So, if you are looking to make the most of a stable market and move on with your life, call us or call your estate agent and get your house on the market. (And if your agent advises you to wait until the Spring, make sure that there is a very, very good reason).
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Summer 2010
The property market feels as if it has shut down early for the summer. It’s an old excuse – the summer holidays – like the Budget, like the Election, like the Ash Cloud – always an excuse. But something has got to give. There are more vendors and potential vendors entering the...
Budget 2010 – What now?
As expected, the Chancellor did a good job of talking up major cuts and tax rises, before delivering a Budget that was more politically benign. Regarding the property market, Mr. Osborne did not have a lot to say. It looks as if the loopholes that have been used by wealthier buyers to...
POST-ELECTION BRIEFING
There is some detail emerging from the new Con-Lib Government, but uncertainty remains with many as the ramifications of changes and possible changes are chewed over. The market always suffers from reduced activity in times of uncertainty, so there will no doubt be would-be sellers delaying (again) the moment they put...
Post-Budget Briefing
Budget boost? The Chancellor has applied what amounts to an irritant to the top end of the property market. One per cent increase in stamp duty is unlikely to have a significant effect on decisions made by buyers in the £1m+ category, but it may be reflected in prices achieved. Certainly,...
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Stacks Head Office
Old Severn Bridge House
Purton, Blakeney
Gloucestershire
GL15 4AX
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